Safe 1 Credit Union
Safe 1 Credit Union Free Checking $200 Bonus
Safe 1 Credit Union pays $200 when you open a Free Checking account online with code SAFE1 and either set up a recurring direct deposit of $500 or more per month or make 10 debit card transactions within 60 days. Enroll in eDocuments. No monthly fee. Kern, Kings, Tulare and Fresno counties in California.
- Bonus amount
- $200
- Expires
- Not listed
- Time to complete
- ~60 days
- Bonus deposited in
- ~120 days
- Difficulty
- Easy
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Requirements
Last verified: Oct 8, 2026
Open Free Checking online with code SAFE1
Open a new Free Checking account online with promo code SAFE1. You need a regular share savings account with a $5 minimum deposit and must live in Kern, Kings, Tulare or Fresno County.
$500 monthly direct deposit or 10 debit purchases
Within 60 days of opening, set up a recurring direct deposit of $500 or more per month, OR make at least 10 debit card transactions. Either path qualifies.
Enroll in eDocuments
Enroll in eDocuments to qualify for the bonus.
Safe 1 deposits the $200 into your share savings account within 60 days after account opening. It posts as a dividend and is reported on a 1099.
Account Details
- Free Checking has no monthly maintenance fee and no minimum balance.
Eligibility
The page is for new checking accounts. Existing members can log in and select Apply Now to open a new Free Checking account.
- You must reside in Kern, Kings, Tulare or Fresno County in California, and the account must be opened online. Membership needs a regular share savings account with a $5 minimum deposit.
Tips & Gotchas
- →Enter promo code SAFE1 when you apply. The account must be opened online.
- →You need a regular share savings account with a $5 minimum deposit to join, and the $200 is paid into that savings account.
- →Only Kern, Kings, Tulare and Fresno County residents qualify.
- →Ten debit card transactions is enough, so a direct deposit is not required.
Can You Earn This Bonus Again?
Fine Print
To qualify, you must reside in Kern, Kings, Tulare or Fresno County, and have or open a regular share savings account with a minimum initial deposit of $5.00, be eligible to open a Safe 1 checking account, open a new checking account with recurring direct deposit of $500 or more per month OR at least 10 debit card transactions within 60 days of account opening, and enroll in eDocuments. Account must be opened online. Qualified members will have $200 deposited to their share savings account within sixty (60) days after account opening. Deposit will be posted as a dividend and reported to the IRS on a 1099 form.
Taxable income · Reported on 1099-INT
Related Articles
What is a direct deposit?
An electronic payment sent directly into your bank account, usually from an employer or government.
Does Zelle Count as Direct Deposit for Bank Bonuses?
Usually no. At most banks a Zelle payment arrives coded as peer-to-peer and will not trigger the bonus. Citi is the clear exception. Its Enhanced Direct Deposit terms name Zelle as a qualifying deposit, and every Zelle report we have from Citi got paid.
Do Bank Bonuses Show Up on a 1099-INT?
Yes. Bank bonuses are taxable income. Once you earn $10 or more from a single bank in a calendar year, the bank sends a 1099-INT and you report it as ordinary income on your tax return.
Also see: this month's best bank bonuses and community DD data points.
We may earn a commission if you open an account through the link above. This doesn't affect our recommendations. See how we make money